Patients and caregivers can get up to ₹10 lacs medical expense loan in minutes at low-cost EMIs
Fibe (formerly known as EarlySalary) has entered into a strategic partnership with Narayana Health to offer low-cost and no-cost medical expense loans of up to Rs 10 lakhs for all elective and non-elective treatments on EMI under the CareNow PayLater proposition. Patients and caregivers under this proposition, can now seamlessly avail loan for healthcare emergencies within minutes with a repayment tenure of three months to two years. The scheme is also applicable to those with no lending history.
Amol Maheshwari, Chief Distribution Officer, Fibe said, “With this strategic partnership, Fibe’s Health arm & Narayana Health would enable millions of Indians to afford best-in-class healthcare services. At Fibe, it’s our mission to ensure that every Indian gets first-class healthcare treatment and shouldn’t live through the stress of finances. We anticipate that through this partnership with Narayana Health, we would take Affordable Healthcare to all consumer segments creating a great value proposition for society.”
Ashish Bajaj, Chief Marketing Officer, Narayana Health added, “Our partnership with Fibe will further boost this vision and help patients and caregivers have easy access to affordable healthcare financing. Every year we treat over 2.5+ million patients through our network of 21 hospitals and four heart centres across 13 cities in India and we are confident that this partnership will benefit all those who have trusted Narayana Health for their healthcare needs.”
Atul Bhatnagar, Group Head- Payor Relations, Narayana Health said “Our partnership with Fibe is just the beginning of bringing access to healthcare financing at a nominal cost. Narayana Health is known for its efforts in assisting patients when in need through various interventions and we will continue to work with external partners to further add on to the solutions in the coming future as well.”
To avail the loan, the patient or the caregiver availing the loan must be a resident of India, between 21-55 years of age with a minimum salary of Rs 15,000. The entire process takes just minutes to complete and requires basic documents like KYC details, PAN, and bank account statements.
